Almost €25m has been paid out to Glanbia Co-op and farmers with private shareholdings in Glanbia PLC, following the company’s AGM. Last Friday, Glanbia PLC paid out a final dividend to its shareholders of 15.94c per share for its 2019 financial year, amounting to €47.2m.
Almost €25m has been paid out to Glanbia Co-op and farmers with private shareholdings in Glanbia PLC, following the company’s AGM.
Last Friday, Glanbia PLC paid out a final dividend to its shareholders of 15.94c per share for its 2019 financial year, amounting to €47.2m.
Farmers with private shareholdings in Glanbia PLC will also have received dividend cheques
With a 31.5% stake in the PLC, Glanbia Co-op received almost €15m of this total dividend payout.
Given the current downturn in dairy markets, this money will be crucial to help support milk prices in the coming months.
On top of this, farmers with private shareholdings in Glanbia PLC will also have received dividend cheques.
It is estimated a further 20% of the shares in Glanbia PLC are owned by farmers in a private capacity, meaning about €9m will have been issued to these farmers last week.
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